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  • Writer's pictureTeam CargoTalk

ADNOC Logistics & Services revenue reaches US$2,755 mn



ADNOC Logistics & Services released its first-ever Annual Report for 2023, following their record-breaking IPO last year, His Excellency Dr. Sultan Ahmed Al Jaber, Chairman, said. With a focus on providing freight and charter services for petroleum products and crude oil transportation, he said the company showcased robust financial performance and operational efficiency. Abdulkareem Almessabi, CEO, highlighted the people-first culture that underpins the company’s success, ensuring employee well-being and customer satisfaction. Financially, the company reported an increase in revenue, reaching US$2,755 million, reflecting the implementation of strategic initiatives. Nicholas Gleeson, Chief Financial Officer, commended the financial discipline and prudent management practices that contributed to the company’s profitability. ADNOC Logistics & Services’s strong financial performance, coupled with its focus on sustainability and customer satisfaction, positions it as a leader in the energy logistics sector, poised for continued success in the future.

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